(Malicious intents) – A lesson learned which is a reflection on many other similar programs, organizations, corporations in Canada and may be elsewhere as well. Posted June 02 of 2023 in Ottawa.

TO WHOM IT MAY CONCERN/INTEREST

When my offspring Sana was born my eldest son was about three years of age. Hospital in Toronto gave us a baby welcome package which consisted of goodies for the newborn and a CST foundation application packet for children’s college education called RESP, parent contribute while children grow and reach the college age.

I got interested, Imrana also knew about it, I called the CST foundation, their sakes representative came applications for Ahsan and Sana were completed and singed by me because I was the only contributor at that time, Imrana was taking care hone and was a home maker, but since she was also present the sales representative wrote her name as well on the application. (Later on Bilal’s name was also added after birth in 1997).

At the time of starting such monthly subscription programs all the sales representatives show a very rosy picture about their plans and company to take the money and never tell how difficult it will be to withdraw the money, nearly impossible.

Due to my financial difficulties I requested my Social worker to help me withdraw the unused RESP money from CST, for which paper work was completed and submitted by male parent (i.e. by myself), other parent was absent because of divorce and not living together since 2005.

All these years since 2005 I was updating CST records and telling them to send separate statements instead of combined annual statements etc. meaning the senior Management and representation ves have been aware of the fact that parents were divorced long time ago and both can not sign the application to withdraw the unused portion of RESP contributions.

Current situation is that CST is created Ng insurmountable hurdles to pay out the unused RESP money because Imrana is not available to sign the paperwork, she was not a contributor financially.

It was proposed to CST that they can hold 50% of the unused RESP money for Imrana instead of delaying and holding and pay out 50% to the male parent due to an emergency situation but there was no positive response from them by the new and junior staff (I started contributing in 1994) when probably these new staff members never heard of CST.

So this is the lesson that such organizations do not payout as promised at the time of signing up monthly subscription and when it comes to pay out they start telling all sort of conditions, requirements, limitation to justify not to pay, that’s how some of these corporation become richer and richer by not paying out their clients at maturity.

I hope relevant authorities audit such organizations and make them pay to their clients.

Experience shared by

Male parent

{Khalid Mahmood}

Ph:(614)413-9812

Ottawa Ontario Canada

M01684340561220